QTS Realty Trust (QTS) Receives $49.33 Average PT from Analysts

QTS Realty Trust (NYSE:QTS) has been given a consensus recommendation of “Hold” by the twenty ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $48.62.

A number of research analysts recently weighed in on QTS shares. Zacks Investment Research lowered shares of QTS Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Credit Suisse Group lowered shares of QTS Realty Trust from a “neutral” rating to an “underperform” rating and set a $43.00 price target on the stock. in a research report on Wednesday, January 17th. Raymond James Financial lowered shares of QTS Realty Trust from an “outperform” rating to an “underperform” rating in a research report on Wednesday, February 21st. Guggenheim lowered shares of QTS Realty Trust from a “buy” rating to a “neutral” rating in a research report on Thursday, February 22nd. Finally, Bank of America dropped their price target on shares of QTS Realty Trust from $62.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, February 22nd.

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Several hedge funds and other institutional investors have recently bought and sold shares of QTS. Opus Capital Group LLC bought a new stake in shares of QTS Realty Trust in the fourth quarter valued at approximately $206,000. Ellington Management Group LLC bought a new stake in shares of QTS Realty Trust in the fourth quarter valued at approximately $222,000. Xact Kapitalforvaltning AB bought a new stake in shares of QTS Realty Trust in the fourth quarter valued at approximately $240,000. Cubist Systematic Strategies LLC bought a new stake in shares of QTS Realty Trust in the third quarter valued at approximately $298,000. Finally, AMP Capital Investors Ltd raised its position in shares of QTS Realty Trust by 12.7% in the third quarter. AMP Capital Investors Ltd now owns 7,994 shares of the real estate investment trust’s stock valued at $419,000 after purchasing an additional 900 shares during the period.

Shares of NYSE QTS traded up $0.23 during mid-day trading on Friday, reaching $35.38. 145,090 shares of the company’s stock traded hands, compared to its average volume of 794,918. The stock has a market capitalization of $1,813.42, a P/E ratio of 12.74, a P/E/G ratio of 0.70 and a beta of 0.58. QTS Realty Trust has a 1-year low of $31.58 and a 1-year high of $61.55. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.49 and a quick ratio of 0.49.

QTS Realty Trust (NYSE:QTS) last issued its quarterly earnings data on Tuesday, February 20th. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.05. QTS Realty Trust had a net margin of 0.29% and a return on equity of 3.15%. The firm had revenue of $118.90 million during the quarter, compared to analysts’ expectations of $118.30 million. During the same period last year, the company earned $0.64 earnings per share. The business’s revenue was up 12.8% on a year-over-year basis. equities research analysts anticipate that QTS Realty Trust will post 2.65 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 5th. Stockholders of record on Thursday, March 22nd were given a $0.41 dividend. The ex-dividend date of this dividend was Wednesday, March 21st. This represents a $1.64 annualized dividend and a dividend yield of 4.64%. This is a positive change from QTS Realty Trust’s previous quarterly dividend of $0.39. QTS Realty Trust’s payout ratio is 59.42%.

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